Nathan Berman, Idan Ofer paying $100M for next office-to-resi conversion
Nathan Berman and Idan Ofer — who are quickly becoming one of New York’s most active office-to-residential partnerships — have zeroed in on their latest project. Berman’s Metro Loft Management and Ofer’s Quantum Pacific Group are in contract to buy the office building at 1 Whitehall Street in the Financial District for just north of $100 million, sources told The Real Deal. The seller is LoanCore Capital, the Greenwich, Connecticut-based debt fund that foreclosed on the building in December and took it over from the Chetrit Organization. Berman and Ofer plan to convert the building into rental apartments — the […]
This article originally appeared on The Real Deal. Click here to read the full story.
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